Holders of Exploration Permits are entitled throughout the period of exploration, to an exemption from:
- TVA or Value Added Tax (VAT) on imports of equipment, materials, machines and consumables indicated in the mining list submitted, before the beginning of the Exploration Phase, on condition that such mining list has been approved in compliance with provisions of Article 166 of this code. However, imports of goods which are excluded from the right of deduction pursuant to the provisions of the General Tax Code are not exempt from VAT, even when these goods were included in the duly approved mining list.
- Annual Minimum Tax (IMF);
- business license fee;
- Contribution to vocational training;
- Single Land Tax (CFU);
- Apprenticeship tax.
The advantage bestowed by the regime for exemption is subject to the filing, before the start of the Exploration Phase, of a mining list for the Exploration Phase, in compliance with the provisions of Article 166 of this Code.
All other provisions of the General Tax Code apply with full effect.
Petrol, lubricants and other imported petroleum products are entitled to a VAT reimbursement, within the limits of annual quotas fixed by the Minister in charge of the Budget.
The duration of these exemptions is limited to the duration of the Exploration Phase.